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Total Reward Model, Strategic Approaches to Pay, Reward Packages, Groups of Employees, Tinational Pharmaceutical Organisation, External Environment, Group of Employees are some points from this past exam paper. Its for management students. Some of my class fellows says its helpful but few dont say same. For fair counting, I think everyone can decide. On base of this document download and views, we are going to decide. I think its very handy exam paper for preparations.
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Exam Code(s) 1MSI Exam(s) Various
Module Code MG 568
Module Reward Systems
External Examiner Professor Geoffrey Wood Internal Examiners Maureen Maloney
Instructions Answer two questions. All questions will be marked equally. Answer all parts of each question.
Duration 2 hours
No. of Pages 3
Department Management
Course Co-ordinator Maureen Maloney
Requirements None
Release to library: Yes
Question 1
Assess the differences between the ‘best fit’ and ‘best practice’ strategic approaches to pay.
Question 2
Using the Total Reward Model, design appropriate reward packages for two groups of employees working within the same multinational pharmaceutical organisation. One group is manufacturing operators. The other group is the sales force.
Question 3 (Answer BOTH parts)
You have been hired as the first HR manager for a large nursing home employing over 100 people in Galway. The owner of the nursing home asked you to look at the pay package for nurses. Because of the high level of turnover, she believes that their pay package is no longer competitive. Write a report:
a. describing factors from the external environment that may be impacting on this group of employees; and
b. prioritising approaches that can be used to ‘price’ this position.
Question 4
Describe the range of methods used by compensation and benefits specialists to control labour costs.
